83K BTC, Gemini Plans IPO, Ripple Custody Initiative, Hedera’s 1.85M Inflow, & More: Mar 18

As of March 17, 2025, Bitcoin is trading at approximately $83,101.24, reflecting a 1.16% decrease over the past 24 hours. Ethereum is priced around $1,899.84, down 1.44% in the same period. Crypto markets face major shifts as technical moves and political decisions drive new strategies. 

On March 7, 2025, at 3:10 AM UTC, President Donald Trump signed an executive order that creates a Strategic Bitcoin Reserve and a Digital Asset Stockpile. On March 17, 2025, the crypto market shows dynamic shifts with Bitcoin trading at 83,101.24 USD today and falling by 977.16 USD or 1.16%. Moreover, this report examines technical corrections in Bitcoin price action and highlights key corporate moves such as Gemini's new CFO appointment and IPO prospects. Furthermore, we review Ripple's trademark filing for its custody initiative and analyze Hedera's capital flow trends. Therefore, the article provides a comprehensive view of market trends with precise figures and technical details.

 Crypto Fear & Greed Index | Source: Binance

The Fear and Greed Index has increased to 34, still indicating a fearful market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility. 

• Strategy acquired an additional 130 BTC at an average price of $82,981.

• Solana futures officially launched on CME.

• Ripple applied for custody and wallet trademarks, potentially expanding its crypto custody business.

• WLFI announced the inclusion of BTC, ETH, TRX, LINK, SUI, and ONDO in its strategic token reserve.

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Bitcoin trades at 83,101.24 USD today, March 17, 2025, and has dropped by 977.16 USD or 1.16%. Moreover, the decline is linked to short-term selling pressure and technical corrections. Therefore, market participants watch closely for signs of renewed institutional demand to drive a rebound.

Bitcoin capital flow by short-term holders. Source: Glassnode/Bitfinex

Bitcoin faced a 30% retracement from its all-time high of 109,590 USD on January 20, 2025, to a low of 77,041 USD during the week of March 9 to March 15, 2025. Furthermore, short-term holders with positions held for 7 to 30 days have incurred net losses. Therefore, Bitcoin ETFs experienced outflows totaling 920M USD during that week, and the recovery from 77,041 USD to 83,101.24 USD marks a 9.5% rebound that may lead to further gains if demand picks up.

Read more: Trump Orders Creation of U.S. Sovereign Wealth Fund: Could Bitcoin Play a Role?

Source: X

Gemini appointed Dan Chen as its new chief financial officer on March 17, 2025, at 5:50 PM EDT. Moreover, Chen brings experience from Affirm, MetLife Investments, and Morgan Stanley. In his social media post he stated "Crypto is the most dynamic sector in finance and Gemini is at the forefront of this revolution — making it simple and secure to engage on the digital asset frontier". He added "I’m looking forward to helping Gemini scale by driving financial strategy as the company enters its next phase of growth". Therefore, Bloomberg reports indicate that Gemini is considering an IPO later this year as it positions itself for growth under the current administration.

Source: Justia Trademarks

Ripple filed a trademark for Ripple Custody with the USPTO on February 25, 2025. Moreover, this move supports Ripple’s strategy to expand into digital asset custody in a market projected to exceed 20T USD. Therefore, Ripple has acquired Metaco and Standard Trust to bolster secure storage solutions. Furthermore, Ripple Custody will offer downloadable and cloud-based software to secure both cryptocurrencies and fiat currencies using Multi-Party Computation and Hardware Security Modules while supporting 24/7 settlement and real-world asset tokenization. 

Beyond software, Ripple aims to be a full custodial service provider for institutional clients. Furthermore, the filing details a peer-to-peer network for electronic data transmission and a SaaS model that lets financial institutions store, manage and transfer virtual and digital assets using online platforms. These tools will enhance Ripple Custody’s current infrastructure which already employs high-security measures such as MPC and HSM. Moreover, the service offers 24/7 secure settlement real-world asset tokenization and seamless asset transfers. In addition, it integrates with DeFi and Web3 applications which expands its appeal to institutional investors seeking greater exposure to digital finance.

HBAR Spot Inflow/Outflow. Source: Coinglass

Hedera recorded its first positive capital inflow in seven days with 1.85M USD on Monday. Moreover, from March 11 to March 16, 2025, Hedera experienced outflows exceeding 10M USD. Therefore, the Balance of Power indicator now stands at 0.62, which suggests increased buying pressure. Furthermore, Hedera trades at 0.19 USD with support at 0.17 USD and resistance at 0.22 USD. Consequently, breaking the 0.22 USD barrier could push the price to 0.26 USD and mark a significant recovery milestone.

HBAR BoP. Source: TradingView

Read more: What Is a Bitcoin ATM and How to Use it? 

Moreover, Bitcoin trades at 83,101.24 USD with a 1.16% drop amid technical pressures. Therefore, Gemini moves forward with a new CFO and possible IPO plans while Ripple strengthens its custody offerings and Hedera records a positive capital inflow. Furthermore, these developments underscore the evolving market dynamics and the importance of technical indicators in shaping future trends.